MightyOne wrote:Any line that runs through the "Mighty Zone" is a correctly drawn zero line.
There is almost always a better price to be had
The line on the bottom is a support trade not a zero line trade.monolisa wrote:Hi,
I have been reading about zero line in the early part of this thread, and would like to ask for your opinion regarding the follow trade (see chart below).
Lower horizontal line (magenta) = H1/M5 zl
Upper horizontal line (orange) = M5 zl
My trading was to short at a level close to the upper horizontal line (notice the wicked down bar) toward the lower one.
My questons are:
1. Am I drawing the zl correctly?
2. Is it possible to get a better price (eg. in the shaded oval area) other than the one near the upper horizontal line? If so what are the signs one should look for?
Thanks in advance.